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{ Monthly Archives } July 2009

Portland cyclist Jacob Rathe prepares to lead U.S. juniors team to Moscow

The 18-year-old Lincoln High graduate will take his affection for climbing hills with him as he leads the U.S. juniors team in international competition. He’s one of only a few Oregon cyclists ever to compete in the junior worlds.

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Camera thief picks wrong victim in Portland police

A Portland criminalist tracks down the stolen goods on Craigslist, meets with man who tries unsuccessfully to sell the bureau’s camera back to the police.

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Layoffs start at Portland bureau hit hard by construction downturn

With big-ticket construction projects still stalled, Portland’s Bureau of Development Services plans to shed roughly 150 of its 300 employees by Oct.1. That’s a higher number — and on a quicker timeline — than previously stated….

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Portland police charge driver, 18, in rollover crash

Portland police have charged the 18-year-old driver of a vehicle that rolled over multiple times this evening south of Oregon Health and Science University. Cody Schacht has been charged with two counts of fourth degree assault, three counts of reckless…

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City layoffs start at Portland bureau hit hard by construction downturn

With big-ticket construction projects still stalled, Portland’s Bureau of Development Services plans to shed roughly 150 of its 300 employees by Oct.1. That’s a higher number — and on a quicker timeline — than previously stated. Workers started exiting at…

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Beaverton may hire legal team to draft baseball deal

BEAVERTON — In their attempt to move the Portland Beavers to Beaverton, city policymakers on Monday will consider hiring a Portland law firm and a Chicago-based legal team that specializes in negotiating athletic stadiums. City staff have recommended hiring Ball…

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Portland Fire orders potential Greek Cusina building closure

Fire bureau has cited the business for multiple fire hazards and dangerous conditions

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Nurse accused of stealing elderly woman’s ring

MCSOKordes A 40-year-old woman accused of stealing a ring from a wheelchair-bound elderly woman in a Portland care facility was arraigned this week in court on mistreatment and theft charges. The suspect, Brenda E. Kordes, worked for Nurse Finders,…

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Grand jury declines to indict homeless man on murder charges

A Multnomah County grand jury has declined to indict a homeless man on murder charges in the fatal stabbing of a 18-year-old man after a fight that started on a MAX train….

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Playtime Is Over for Florida Collector

Getty Images All that glitters is not gold in mid-Florida. Mark Yaffe, avid coin collector and co-founder of National Gold Exchange, faces losing his enterprise’s inventory as well as his personal property. Sovereign Bank has demanded immediate repayment of its more than $35 million loan amid doubts of the store’s viability and a tip from a Florida attorney accusing Yaffe of using assets belonging to his business to complete the construction of his home. According to an article in the St. Petersburg Times , Yaffe designed his 29,000-square-foot dream house in part to display his vast and varied collection of all things shiny. Yaffe, 49, has a collection valued at more than $5 million that includes coins, music boxes, pianos, organs and antique automata dolls (one of the dolls is nearly 250 years old). Sovereign Bank won court permission in late July to recover the collateral that secures its loan to National Gold. National Gold, the world’s largest gold wholesaler, filed for Chapter 11 protection shortly thereafter. The filing was too late to protect it from the sheriff who was sent to claim property and witnessed coins being moved from the store into waiting cars. After a review of the inventory and books, Sovereign is crying fraud. It’s asking the court for permission to hold onto the collateral it has already seized. National Gold is now saying the bank plans to seize property from Yaffe’s mock 17th century English country manor located in the swank Tampa community of Avila. It is the very location for which lawyer-turned-tipster claims Yaffe sold $12 million to $15 million of inventory.

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